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    Property profile & analytics

    4816 Worth Pl Charlotte, NC 28216-3322

    • Manufacturing properties
    • 17,548 SF
    • 1.36 lot acres
    OFF-MARKET
    Last Sale
    Oct 30, 2023
    $3,300,000
    Value Estimations
    $3,440,000
    Show details
    Cap Rate Potential
    3.4%
    Manufacturing properties
    Location Intelligence
    Property ID
    US53-1373007
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Boudreaux's Iron Shop / Metal Fabrication Plant / Factory
    • Moon Express Inc 24/7 Warehouse and Cross-dock / Freight Service / Logistics Company
    • Charlotte Powder Coating / Powder Coating Service
    • KP GARAGE INC. / Auto Repair Shop

    Property Details for 4816 Worth Pl

    Year built
    1974
    Lot size
    1.36 lot acres
    Property size
    17,548 SF
    Zone code
    I-2
    Property type
    Manufacturing properties
    APN
    3908115
    APU
    3908115

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,530,000
      ML approach
      $3,625,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Charlotte
    County
    Mecklenburg
    State
    North Carolina
    Longitude
    -80.8821
    Latitude
    35.2763
    CBSA code
    16740
    CBSA name
    CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $6,831
    $336,900
    $594,400
    $931,300
    -
    $336,900
    $594,400
    $931,300

    Comparable in this City

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      222,855 SF

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    • Value Estimation
      $2,105,000
      24,200 SF

      3018 Stewart Crk Blvd

      MANUFACTURING (LIGHT) • 24,200 SF
      3018 Stewart Crk Blvd, Charlotte, NC 28216-3594
      View Details
    • Value Estimation
      $970,000
      11,794 SF

      5125 Rozzelles Fry Rd

      MANUFACTURING (LIGHT) • 11,794 SF
      5125 Rozzelles Fry Rd, Charlotte, NC 28216-3349
      View Details
    • Value Estimation
      $24,260,000
      336,936 SF

      7300 Reames Rd

      MANUFACTURING (LIGHT) • 336,936 SF
      7300 Reames Rd, Charlotte, NC 28216-2228
      View Details
    • Value Estimation
      $5,875,000
      49,225 SF

      4808 Chesapeake Dr

      MANUFACTURING (LIGHT) • 49,225 SF
      4808 Chesapeake Dr, Charlotte, NC 28216-2904
      View Details
    • Value Estimation
      $1,430,000
      16,210 SF

      333 Oakdale Rd

      MANUFACTURING (LIGHT) • 16,210 SF
      333 Oakdale Rd, Charlotte, NC 28216-2959
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      10.48 Acres

      I-85 Frontage Commercial Land

      10.48 Acres, High-Traffic Location, Zoned CG & OFC
      2731 Beatties Ford Rd, Charlotte, NC 28216
      View Details
    • $442,000
      1,890 SF

      Immaculate Townhome in 55+ Community

      Updated townhome with premium features in a vibrant 55+ community.
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    • $1,700,000
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      Charlotte Land with Development Potential

      11.2+/- acre property in desirable, developing Charlotte area.
      2835 Miranda Rd, Charlotte, NC 28216
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    • $520,000
      1.00 Acre

      Charlotte Land For Development

      Almost 30 acres of prime land with development potential.
      4940 Mt Holly Huntersville Rd, Charlotte, NC 28216
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    • $150,000
      0.32 Acres

      Cleared Lot Near Uptown Charlotte

      0.32-acre cleared lot, no HOA, near Uptown Charlotte.
      604 Touch Me Not Ln, Charlotte, NC 28216
      View Details
    • New
      $443,999
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      Charlotte Duplex Opportunity Near Uptown

      Duplex near Uptown Charlotte with spacious backyard and investment potential.
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    Similar Nearby for Lease

    • Contact for pricing
      6,300 SF

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      Flex space available for lease near I-77 and I-85.
      4433 Brookshire Blvd, Charlotte, NC 28216
      View Details
    • Contact for pricing
      47,398 SF

      Industrial Facility on 7.3 Acres

      Manufacturing facility on 7.3 acres zoned for heavy industrial.
      4330 Chesapeake Dr, Charlotte, NC 28216
      View Details
    • $18 SF/Yr
      2,500 SF

      Charlotte Flex Space Available

      Two Industrial Units, Prime Location
      714 Montana Dr, Charlotte, NC 28216
      View Details
    • Contact for pricing
      13,600 SF

      Industrial Park with Expansion Potential

      Industrial park with outside storage and parking potential.
      3401 Reno Ave, Charlotte, NC 28216
      View Details
    • Contact for pricing
      34,255 SF

      Industrial Park with Expansion Potential

      Industrial park offering warehouse space and future expansion options.
      3353 Reno Ave, Charlotte, NC 28216
      View Details
    • $11 SF/Yr
      28,800 SF

      North Park Warehouse - 28,800 SF

      Spacious warehouse, ideal for single tenant. Mecklenburg County location.
      7020 Reames Rd, Charlotte, NC 28216
      View Details
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    4816 Worth Pl
    Charlotte, NC 28216-3322
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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